"Capital in Difficult Places


Foundation: Bloomberg Philanthropies

"We are moving from the era of Wealth 1.0, led by a generation driven by wealth creation and preservation, to the age of Wealth 2.0.

This younger generation of wealth owners has a strong desire to direct wealth for good and seeks to shape change that is meaningful and has impact."

That's what Bill Gates said Wednesday at the World Economic Forum in Davos, Switzerland, calling for a "new age of philanthropy" in which "philanthropy alone is not enough; we also want this to be catalytic."

catalytic, as in the concept of a "good, strong chemical catalyst."

Gates spoke of the need to address climate change, which he said is "the fundamental challenge of our times" and which will have "far-reaching implications for future well-being and indeed, survival."

The world needs to invest nearly $9 trillion over the next 30 years to meet that goal, but only about $5.3 trillion has been invested so far, according to a report by consulting firm McKinsey & Company cited by the BBC.

Gates said the world needs to act now to avoid the worst of the effects of climate change, and he called on philanthropists to do their part.

"Climate change is the fundamental challenge of our times, and the decisions and actions we take today will

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Selected Foundation News

A customized collection of news from foundations from around the Web.

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Foundation: Grand Rapids Area Community Foundation

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Recent Northwestern Alumnae Celebrate Unfinished Creative Work With New Publication

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Teens Need Opportunities For Inspirational, Judgement-Free Learning and Mentorship

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Charlottetown

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Loughborough Architecture Students Showcase Innovation in Venice and Japan

A group of Loughborough University students from the School of Architecture, Building and Civil Engineering, recently embarked on an international journey.They exhibited their pavilion 'Strands of...more

Video Observer: Muckenthaler Education Programs Make Arts Accessible For All Ages

The Muckenthaler's Arts Education Department offers classes year-round, including seasonal sessions, weekend workshops, and school-break camps.Classes include the visual arts, ceramics, dance,...more

Ai-Powered Private School Set to Open in Charlotte, Raleigh

Alpha School, an "AI-powered" private school, is preparing to make its mark on Charlotte and Raleigh this year.The North Carolina campuses each come with a $45,000 price tag and will offer K-3 for...more

UN Begins Talks to Negotiate Global Plastic Pollution Agreement

Plastic pollution is projected to triple by 2060, according to the UN Environment Programme (UNEP) UNEP-led talks follow a decision in 2022 by Member States to develop an international legally...more

From Scarcity to Abundance: Unlocking Solutions to the Food Crisis

This piece is part of the weekly series "Growing Forward: Insights for Building Better Food and Agriculture Systems" It's fraught to depend on global supply chains for food security given trade wars,...more

Foundations Launch $50 Million Adaptation and Resilience Fund For Communities Facing ...

Foundations Launch $50 Million Adaptation and Resilience Fund for Communities Facing Climate Risks.Funding fulfills a $50 million commitment made by philanthropies last year in response to the UN...more






In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.




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